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Type of Document: Circular
Notification Date: 31-Dec-2024
Relevant Act(s)/Rule(s): Payment and Settlement Systems Act, 2007
Notification No.: NPCI/UPI/OC210/2024-25
This circular issued by the National Payments Corporation of India (NPCI) extends the compliance timeline for Third Party App Providers (TPAPs) who are exceeding the volume cap in the Unified Payments Interface (UPI) system. In line with previous circulars, NPCI has provided a two-year extension for TPAPs to meet the volume cap requirements. The new compliance deadline is set for December 31, 2028.
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